112 Pegram Ln Fredericksburg, VA 22408
- Commercial real estate
- 0.47 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 112 Pegram Ln
- Lot size
- 0.47 lot acres
- Zone code
- C3 - COMMERCIAL 3
- Property type
- Commercial real estate
- APN
- 23-A-144R
- APU
- 23A144R
Description
This exceptional commercial property, located at 112 Pegram Lane in the heart of Fredericksburg, VA, presents a unique investment opportunity. The 1,250 square foot building sits on a desirable half-acre lot, offering ample space and potential for expansion. Currently configured as a four-office space layout, the property also boasts a generously sized conference room, perfect for meetings and presentations. A fully equipped kitchen and two full bathrooms add to the functionality and convenience. Recent renovations have modernized much of the building, leaving only minor finishing touches needed to complete the transformation. The roof is only five years old, ensuring long-term durability, and the property features a newer heat pump for efficient climate control. The kitchen is outfitted with brand-new appliances, ready for immediate use. The C3 commercial zoning allows for a variety of uses, making this property highly versatile and adaptable to a range of business needs. Its central location in Fredericksburg provides excellent visibility and accessibility, making it an ideal choice for businesses seeking a prominent presence in a thriving community. This is a rare opportunity to acquire a well-maintained, centrally located commercial property with significant upside potential. The combination of its size, location, and recent upgrades makes this an attractive investment for discerning buyers. Contact us today to schedule a viewing and explore the possibilities.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $245,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $350,000
- 6.5%
- $335,000
- 7%
- $295,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $310,000
- Geo Method
- $320,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $350,000
- Retail
- $315,000
- Mixed-Use
- $295,000
- Hospitality
- $300,000
- Educational
- $355,000
- Residential Income
- $345,000
- Energy
- $290,000
- Income-Based Land
- $325,000
- Food Service
- $315,000
Location Insight
- Map
- Local Demand
- City
- Fredericksburg
- County
- Spotsylvania
- State
- Virginia
- Longitude
- -77.5028
- Latitude
- 38.2549
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA